When the Global Green Growth Institute (GGGI) was founded eight years ago, the general public thought that renewable energies would never replace oil and coal. Today, the tables have turned. Dr. Frank Rijsberman has been the director general of the institute since 2016, and for him, green growth is no longer a matter of morality, but of economics. Renewable energies are now cheaper than fossil fuels. They create employment, do not pollute and provide countries with the amount of energy they need. Last week he joined several side events at the 73rd session of the United Nations General Assembly in New York.

GGGI is an intergovernmental organisation that works with over 60 countries. It seeks commitments among governments and private companies to switch to green growth—economic growth that takes into account environmental sustainability. The organisation, based in Seoul, South Korea, works mainly with governments that express an interest in sustainable growth. Its work does not directly depend on changes in administrations.

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $25 million in financing to the Solar Energy Transformation Fund LLC, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub Saharan Africa and Asia who lack access to electricity.

The Solar Energy Transformation Fund is managed by SunFunder, a solar energy finance business working to make off-grid solar lighting and energy solutions more widely available in developing countries. Solar power is an effective way to bring cleaner and more affordable electricity to people who live in remote areas that are not connected or have unreliable connections to central electricity grids.

A consistent approach to impact measurement allows sector stakeholders to comprehensively estimate impact, helping to streamline reporting, attract investment and drive regulatory support. For this reason, the GOGLA Impact Working Grouphas used the best available research to develop a set of metrics that companies and investors can use to estimate the impact of their businesses or investments.

Updated in September 2018, the metric framework covers a range of off-grid solar technology sizes, from solar lanterns to large solar home systems, as well as seven thematic areas: energy access, economic activity, income generation, kerosene use and CO2e reduction, light availability and quality, energy spending and financial inclusion.

A consistent approach to impact measurement allows sector stakeholders to comprehensively estimate impact, helping to streamline reporting, attract investment and drive regulatory support. For this reason, the GOGLA Impact Working Grouphas used the best available research to develop a set of metrics that companies and investors can use to estimate the impact of their businesses or investments.

Updated in September 2018, the metric framework covers a range of off-grid solar technology sizes, from solar lanterns to large solar home systems, as well as seven thematic areas: energy access, economic activity, income generation, kerosene use and CO2e reduction, light availability and quality, energy spending and financial inclusion.